Byke Hospitality has achieved the distinction of being among the 11 companies from India that have made to the top 200 Asia Pacific corporations in Forbes Asia’s ‘Best under a Billion’ list. In the hotel segment, it is one among the two companies that have made to the list, the other being China’s Gayety.
The unranked list comprises 200 of the best performing firms from the Asia-Pacific region selected from a pool of 17,000 publicly listed entities with a sales turnover between $5 million and $1 billion of which 810 companies roughly passed the required criteria.
The study tracked the sales and earnings growth in the past 12 months and over three years as also the strongest five-year return on equity. The selected companies need to have a positive net income and must have been publicly traded for at least a year.
Byke has plans to significantly expand its hotel leasing business, where the company acquires properties on lease and renovates them to manage and operate under its own brand ‘The Byke’. The company is looking to add 400-450 room inventory over the next two years in this business.
Company Name | CMP |
---|---|
Indian Hotel | 568.30 |
EIH | 484.75 |
Mahindra Holi.&Resor | 402.30 |
Chalet Hotels | 784.50 |
Lemon Tree Hotels | 142.10 |
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